Refinancing a property in Castleford so that a connected property purchase could be secured

The Project

Our client came to us pressed for time, urgently needing our assistance to refinance one of their properties to ensure that they could secure a connected purchase. Our client, who has a wealth of bridging finance knowledge, intends to turn this property in Castleford into a buy-to-let to add to their rapidly expanding portfolio.

The Approach

The valuation came back lower than anticipated but Seneca worked quickly with all involved to restructure the deal. As a result, we were able to complete the deal in a few short weeks and provide £188,000 towards the refinance which despite time constraints was completed before Christmas.

The Outcome

Having secured their connected purchase in a short period of time, our client is now able to begin the process of obtaining a buy to let mortgage of the Castleford property.